(Reuters) - The numbers of U.S. workers signing up for first-time
unemployment benefits slipped by by 1,000 to a seasonally
adjusted 309,000 for the week ended June 2.
"The core story here, though, remains that companies are
not laying people off at the sort of pace that would normally
be expected given the slowdown in economic growth. We are very
curious to see if this can persist as consumption slows
markedly in the face of the surge in gas prices," said Ian
Shepherdson, chief U.S. economist at High Frequency Economics
in Valhalla, New York.
Read more at Reuters.com Economic News
unemployment benefits slipped by by 1,000 to a seasonally
adjusted 309,000 for the week ended June 2.
"The core story here, though, remains that companies are
not laying people off at the sort of pace that would normally
be expected given the slowdown in economic growth. We are very
curious to see if this can persist as consumption slows
markedly in the face of the surge in gas prices," said Ian
Shepherdson, chief U.S. economist at High Frequency Economics
in Valhalla, New York.
Read more at Reuters.com Economic News
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